The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the Mumbai Bench of the NCLT that admitted a Section 7 petition against Future Ideas Company Ltd. The appeal, filed by suspended director Anil Biyani, was dismissed on April 9, 2025. The case revolves around ₹122.83 crore in unpaid dues arising from non-convertible…
Insolvency plea filed against FirstCry subsidiary GlobalBees over Rs 65 crore dues Moneycontrol Read the original article here
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Lars Windhorst’s Tennor Holding declared bankrupt Financial Times Read the original article here
India’s startup ecosystem has been one of the biggest success stories in the global innovation economy. From tech unicorns to new-age D2C brands, the past decade has seen extraordinary entrepreneurial momentum. But as the ecosystem matures, some growing pains have become more visible—especially around financial discipline and long-term sustainability. The recent insolvency plea against GlobalBees,…
Globalbees Brands Private Limited, a material subsidiary of FirstCry’s parent company Brainbees Solutions Limited, is facing insolvency proceedings after three individuals filed a petition with the National Company Law Tribunal (NCLT), New Delhi Bench. The application, filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, has been submitted by Ashutosh Garg, Paritosh…
FirstCry parent’s subsidiary GlobalBees faces Rs 64.92 crore insolvency petition from Kuber Mart directors financialexpress.com Read the original article here
Declaring bankruptcy could affect your pension savings in a variety of ways, depending on how you saved, how much you have and when you last put money away. Experts at PensionBee have broken down the details, as meeting some simple criteria could actually mean your retirement fund is off limits to authorities. When you declare…
LeddarTech, once high-flying Canadian lidar maker, to file for creditor protection Automotive News Read the original article here
Aptose CEO props up biotech’s finances to prevent company from going bust Fierce Biotech Read the original article here